Hot or Not, Stock Market Edition: 02/04/2025

What’s flying, and what’s face-planting?

Hot:

• Atlassian (NASDAQ: TEAM) gains big after an earnings beat. 
• Viavi Solutions (NASDAQ: VIAV) boasts both low volatility and a solid financial outlook. 

Not:

• Vestis Corporation (NYSE: VSTS) drops following a narrow earnings miss. 
• Deckers Outdoors’ (NYSE: DECK) loses ground after issuing weak guidance. 

Keep reading for the stories behind some of the market’s biggest movers right now. 📈 Want more? Check out the biggest winners and biggest losers on WSZ. 

🔥 HOT: Shares of Viavi Solutions (NASDAQ: VIAV) gained 20.5% on Friday after the company released a Form 10-Q that showed significant revenue and profit growth. The company’s net revenue increased from $254.5 million to $270.8 million and its gross profit gained about 8% from one year prior. We give VIAV a B Zen Rating due to its relatively low volatility and solid financial outlook going forward.

🥶 NOT: Vestis Corporation (NYSE: VSTS) lost 11.7% on Friday after narrowly missing its revenue projections for the 2024 fourth quarter. The company’s quarterly revenue came in just 0.5% under Wall Street’s consensus estimate, but it was enough to trigger a mini selloff on higher-than-average volume. We give the stock a C Zen Rating to reflect its uncertainty going forward, but its fundamentals are still strong and it’s far from a poor pick.

🔥 HOT: Atlassian (NASDAQ: TEAM) shares were up 14.9% by Friday’s close after the company handily beat its fourth quarter earnings projections. Atlassian’s fourth-quarter earnings-per-share was $0.96, 27.4% higher than the expected $0.75 per share. TEAM has returned 21.2% since this time last year and 126.6% since the beginning of August, earning it a B Zen Rating due to its momentum and the positive word of mouth surrounding it.

🥶 NOT: Footwear company Deckers Outdoors’ (NYSE: DECK) stock dropped by 20.5% on Friday despite positive fourth-quarter earnings because it issued weaker-than-expected guidance for 2025. The stock had been performing well prior to Friday’s loss, returning 70% since this time last year. Even with the loss, DECK is up 38.4% and gets a C Zen Rating. Its financials and overall momentum remain impressive, so it warrants a place in your portfolio, as long as you can weather slower growth in the near to mid-term.

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